BCOR 360 exam 3
The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their horses when winter arrived. Hay can be purchased "up north" for $4 a bale and a few entrepreneurs with large trailers were more than willing to pick up a few hundred bales and haul them south where demand was high. The transportation cost was $6 per bale and a packing and loading cost of $1 was typical. The landed cost of a bale of hay this winter was
$11
Last year the Perfection Logistics Company delivered 3.1 million packages and damaged 45,000 deliveries, sent 28,000 to the wrong address, and was late 20,000 times. Assuming no package had more than one error, Perfection's percent perfect order is
97%
Which of the following is an example of consolidation warehousing?
A single manufacturer takes output from several of its manufacturing plants and combines them into one shipment to a major customer
The Upper X Superscript starX* coordinate of the weighted center of gravity for the new fire station is 4.194.19. (Enter your response rounded to two decimal places.) The Upper Y Superscript starY* coordinate of the weighted center of gravity for the new fire station is 3.423.42. (Enter your response rounded to two decimal places.) b. What other factors might come into play when making the final decision?
A. available space B. zoning considerations C. distance from other fire stations D. All of the above. It's D. All the above
Which logistics activity accounts for the largest percentage of logistics-related greenhouse gas emissions?
Highway Frieght
The Times-Picayune is searching for an ideal spotting station for the morning paper. Neighborhoods, their location on an XY grid of the city, and morning volume are shown in the table. What is the location that will minimize the transportation costs for the newspaper? Customer Annual Volume X-Coordinate Y-Coordinate Florida 250 3 7 Desire 125 7 5 Lafitte 178 1 3 Iberville 264 2 5 Guste 137 1 6 CJ Peete 55 1 4
Near (2.5,5.2)
Acme wants to locate a warehouse to serve their major customers that are shown in the table. What is the location that will minimize the transportation costs for their family of products? Customer Annual Volume X-Coordinate Y-Coordinate Coyote, LLC 25 3 7 Destry 13 5 2 Kingston Inc. 6 8 4 Ed Wood Productions 4 1 5
Near (4,5)
Which of these statements about reverse logistics is BEST?
Reverse logistics systems are usually less cost-efficient than forward-based systems.
The mode of transportation that is highly cost effective for bulky items but has relatively poor delivery speed is
Water
A firm that is interested in consistent on-time delivery would probably design their transportation and warehousing system to include
air transportation with a spot stock warehouse
What percent of North American gross domestic product is accounted for by logistics?
almost 8 percent
Your new Garden Weasel fails to "completely satisfy" you so you decide to return it for a full refund. What is the name for the system that will carry your weasel back to the manufacturer?
reverse logistics
A service firm that takes care of all of the logistics requirements for other companies is a
third party logistics provider.
Hub and spoke systems are characterized by
warehouses that are used as sorting facilities
The landlord's favorite place to buy shrimp in New Orleans was the Cajun Seafood market on Claiborne and he did not hesitate to stock up on shrimp when he dropped by the shotgun double house he bought as an investment a few years ago. Sadly, it was 685 miles one way to visit the property and even though gas was available at $1.88 per gallon and the car achieved 25 miles per gallon, it was an expensive trip. He packed a cooler with $12 worth of ice regardless of the quantity of shrimp he bought to bring home. The shrimp were a bargain at $7.99 per pound for jumbos and he always tried to fit 35 pounds of the crustaceans in the cooler. What is the landed cost of a pound of shrimp?
$11.28
This transportation mode is often the most expensive on a per pound basis.
Air
Which of these is NOT a logistics activity?
inspection
"That part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements" is the definition of
logistics management
One form of warehousing that features light manufacturing and packaging duties and allows firms to put off final assembly or packaging until the last possible moment is
postponement warehousing
